MDB insider Dev Ittycheria plans $1.9M stock sale per Form 144

Rhea-AI Filing Summary

MongoDB (MDB) Form 144 filing: CEO Dev Ittycheria intends to sell up to 8,335 common shares on or about 24-Jul-2025 through Merrill Lynch on NASDAQ. The planned sale is valued at roughly $1.93 million, a de minimis ~0.01 % of the 81.7 million shares outstanding, implying negligible dilution or control impact. The stock derives from RSUs granted in Jul 2021 (7,275 sh) and Oct 2021 (1,060 sh). Separately, the CEO sold 25,005 shares for $5.85 million on 05-Jun-2025. No operational or financial metrics accompany the notice; the filing simply satisfies Rule 144 disclosure requirements and signals continued insider selling.

Positive

• Transparent disclosure of proposed insider sale via Form 144 demonstrates compliance with SEC rules.
• Sale represents only ~0.01 % of shares outstanding, implying negligible dilution or control impact.

Negative

• Continued insider selling by the CEO—25,005 shares in June plus 8,335 proposed—may raise sentiment concerns.
• Absence of 10b5-1 plan details leaves timing discretion, possibly heightening perception of opportunistic selling.

Insights

Securities Analyst

TL;DR Minor insider sale (~$1.9 M) by CEO; negligible dilution, sentiment modestly negative.

The 8,335-share Form 144 equals ~0.01 % of MDB’s float and follows a 25 k-share disposal in June. While the dollar amount is not material to market cap, repeat sales by the chief executive can weigh on sentiment, especially after recent volatility in high-growth software names. No new fundamentals are revealed, so valuation drivers remain earnings momentum and Atlas adoption trends. Overall impact: limited but directionally negative for near-term perception.

Corporate Governance Expert

TL;DR Filing shows adherence to Rule 144; sale size immaterial, governance practices intact.

The notice demonstrates transparent compliance with SEC insider-sale rules. Shares originate from vested RSUs, a routine liquidity event for executives. The presence of a proposed 10b5-1 plan date field (blank here) indicates the potential for pre-planned trading, mitigating concerns of information asymmetry. Given the small fraction of shares outstanding, I view governance risk as low; however, investors may monitor cumulative disposals for alignment signals.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Merrill Lynch Pierce Fenner & Smith 100 Federal St 12th Fl Boston MA 02110	8335	1933636.65	81714313	07/24/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	07/01/2021	Restricted Stock Unit	MongoDB Inc			7275	07/01/2021	Cash
Common	10/01/2021	Restricted Stock Unit	MongoDB Inc			1060	10/01/2021	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Dev Ittycheria c/o MongoDB Inc 1633 Broadway 38th Fl New York NY 10019	MongoDB Inc	06/05/2025	25005	5849919.75

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many MongoDB (MDB) shares does CEO Dev Ittycheria plan to sell?

8,335 common shares according to the Form 144.

What is the approximate market value of the planned MDB share sale?

The filing values the sale at about $1.93 million.

When is the proposed sale date for the MDB shares?

The approximate sale date listed is 24 July 2025.

How many MongoDB shares has the CEO sold in the past three months?

He sold 25,005 shares on 05 June 2025 for $5.85 million.

What percentage of MongoDB’s shares outstanding does the new sale represent?

Roughly 0.01 % of the 81,714,313 shares outstanding.

Which broker is handling the proposed transaction?

The broker listed is Merrill Lynch Pierce Fenner & Smith.